China Targets 61,896 Bitcoin Still Held by British Authorities: Report
Chinese prosecutors are seeking to confiscate 61,896 bitcoin worth approximately $5.1 billion, currently held by British authorities, after one of the world’s largest cryptocurrency seizures. The assets trace back to Qian Zhimin, convicted in Britain for handling criminal proceeds from a Chinese investment fraud. A recent U.K. court ruling has complicated the battle over who […]
Key Takeaways
- Chinese prosecutors are seeking to confiscate 61,896 bitcoin worth approximately $5.1 billion, currently held by British authorities, after one of the world’s largest cryptocurrency seizures.
- The assets trace back to Qian Zhimin, convicted in Britain for handling criminal proceeds from a Chinese investment fraud.
- court ruling has complicated the battle over who […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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